PNC Financial Services Group Inc. Purchases 4,455 Shares of Exelon Co. (NASDAQ:EXC)

PNC Financial Services Group Inc. increased its position in shares of Exelon Co. (NASDAQ:EXC) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 320,409 shares of the company’s stock after acquiring an additional 4,455 shares during the period. PNC Financial Services Group Inc.’s holdings in Exelon were worth $12,060,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. CWA Asset Management Group LLC acquired a new position in shares of Exelon in the third quarter valued at approximately $578,000. Verdence Capital Advisors LLC increased its position in Exelon by 20.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 8,248 shares of the company’s stock valued at $334,000 after acquiring an additional 1,426 shares during the period. Assetmark Inc. raised its stake in shares of Exelon by 41.2% during the third quarter. Assetmark Inc. now owns 39,611 shares of the company’s stock valued at $1,606,000 after acquiring an additional 11,565 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Exelon by 4.1% during the third quarter. Crossmark Global Holdings Inc. now owns 52,334 shares of the company’s stock worth $2,123,000 after purchasing an additional 2,061 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Exelon during the third quarter worth $32,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Insider Transactions at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the sale, the executive vice president now owns 2,271 shares in the company, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EXC. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Barclays upped their price objective on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Scotiabank lifted their target price on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, Morgan Stanley cut their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Exelon currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

Exelon Stock Down 0.8 %

Shares of NASDAQ EXC opened at $43.40 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The firm has a market cap of $43.63 billion, a PE ratio of 17.71, a P/E/G ratio of 2.86 and a beta of 0.51. The company’s fifty day simple moving average is $40.98 and its 200 day simple moving average is $39.64. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $45.19.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same quarter in the previous year, the firm posted $0.60 EPS. As a group, sell-side analysts forecast that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.40 per share. This is an increase from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, February 24th. This represents a $1.60 annualized dividend and a dividend yield of 3.69%. Exelon’s payout ratio is currently 65.31%.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.